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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets    
Cash and cash equivalents $ 93,805 $ 100,719
Accounts receivable, less allowances (2019 – $5,197; 2018 – $5,010) 348,974 382,253
Inventories 232,706 265,990
Prepaid expenses and other current assets 67,532 57,184
Disposal Group, Including Discontinued Operation, Assets, Current 21,373 0
Total current assets 764,390 806,146
Deferred income taxes 21,235 20,474
Property, plant and equipment, net 356,603 370,531
Goodwill 933,022 955,524
Other intangible assets, net 581,116 636,538
Other assets 53,924 19,757
Disposal Group, Including Discontinued Operation, Assets, Noncurrent 28,045 0
Total assets 2,738,335 2,808,970
Current liabilities    
Notes and overdrafts payable 7,724 2,137
Accounts payable 118,509 143,419
Accrued liabilities 209,992 206,782
Long-term debt – current 2,034 5,522
Liabilities held for sale 4,616 0
Total current liabilities 342,875 357,860
Long-term debt 825,017 936,357
Accrued retirement benefits 93,358 104,302
Deferred income taxes 88,408 106,559
Long-term tax liability 66,012 72,961
Other liabilities 45,148 27,875
Liabilities held for sale 6,989 0
Commitments and contingencies (Note 23)
Stockholders’ equity    
Common stock – par value $0.01 per share Authorized: 150,000,000 shares, Issued: at par value (2019 – 63,872,756 shares; 2018 – 63,367,133 shares) 639 634
Additional paid-in capital 489,282 470,818
Treasury stock, at cost (2019 – 13,051,256 shares; 2018 – 12,033,580 shares) (498,074) (441,668)
Retained earnings 1,489,176 1,363,772
Accumulated other non-owner changes to equity (210,495) (190,500)
Total stockholders’ equity 1,270,528 1,203,056
Total liabilities and stockholders’ equity $ 2,738,335 $ 2,808,970